First Day of Dealings

11 Apr 2007 08:00

eXpansys Plc11 April 2007 Press Release 11 April 2007 eXpansys plc ("eXpansys" or "the Group") First Day of Dealings eXpansys plc, a leading online retailer of wireless technology, today announcesthe commencement of dealings of its Ordinary Shares on AIM. Cenkos Securitiesplc is the Group's Nominated Adviser and Broker. The stock market EPIC is XPS. The Group specialises in the sale of handheld electronic devices with wirelessconnectivity and boasts a wide offering ranging from smartphones and ultramobile personal computers, to cameras and GPS equipment. Under the umbrella ofwww.expansys.com, www.nomatica.com, www.portix.com and www.mobileplanet.com,eXpansys operates some 50 websites in 12 different languages that cater to themajor economies of the world and serve both retail customers and blue-chipcorporate accounts including Microsoft, Oracle, The Metropolitan Police and DellComputer. Based in Manchester, eXpansys has grown both organically and through acquisitionand has a global infrastructure that allows it to service its internationalcustomer base through a network of warehouses in the UK, France, USA, Hong Kongand Australia. Placing Statistics Placing Price 58 pence Number of Ordinary Shares being issued pursuant to the Placing 17,241,379 Number of Ordinary Shares in issue following the Placing 40,353,907 Roger Butterworth, Chief Executive Officer of eXpansys plc, said: "We arepleased that the flotation has been completed successfully and are delightedwith the support from our new shareholders. The Placing will strengthen ourbalance sheet and will enable us to capitalise on a variety of organic growthopportunities. Our successful track record of integrating acquisitions placesthe Group in a strong position to consolidate further this highly fragmentedindustry." For further information, please contact: eXpansys plc Roger Butterworth, CEO Tel: +44 (0) 161 232 3410 roger@expansys.com Cenkos Securities plc Stephen Keys, Corporate Finance Tel: +44 (0) 207 397 8926 skeys@cenkos.com Media enquiries: Abchurch Communications Heather Salmond / Ariane Comstive Tel: +44 (0) 20 7398 7700 heather.salmond@abchurch-group.com www.abchurch-group.com ariane.comstive@abchurch-group.com Photography Photographs are available from Abchurch. To arrange to receive soft copies,please contact Ariane Comstive on 020 7398 7705 orariane.comstive@abchurch-group.com Notes to editors eXpansys operates in the mobile and online industries and its success isbolstered by the burgeoning demand for high-end mobile and wireless electronicproducts as well as an increase in purchasing goods online. The Groupspecialises in the sale of handheld electronic devices with wirelessconnectivity and boasts a wide offering ranging from smartphones and ultramobile personal computers, to cameras and GPS equipment. Headquartered in Manchester, with offices in the US, France, Scandinavia, FarEast and Australia, eXpansys has grown both organically and through acquisitionwith a global infrastructure that shipped nearly 1.5 million products to over250,000 customers in 125 different countries in the year to 31 October 2006. With a strong established brand name and excellent reputation, the Companycurrently operates some 50 websites in 12 different languages, transactingbusiness in 16 currencies and records an average of approximately 3.2 millionpage hits and 400,000 separate visitors per day. Its website, www.expansys.com,features a vibrant consumer community with online forums dedicated to technicalsupport and a space for comments and reviews. eXpansys was founded in 1998. - Ends - This information is provided by RNS The company news service from the London Stock Exchange